Northern Rock pulls out of Bahamas after just 17 months

By David Marchant

23 years ago

Topics

Bahamas Banks & Trusts United Kingdom

Keywords

CIBC Northern Rock (Bahamas) Ltd. Northern Rock PLC

Northern Rock PLC, which is the ninth largest publicly-listed bank in the United Kingdom, is pulling out of the Bahamas after just 17 months on the island.A spokesman for the company told OffshoreAlert: “I can confirm that with effect from 2 April 2002, Northern Rock (Bahamas) Ltd ceased to accept additional deposits or open new accounts.

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